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Wrong Frank Del Rio?

Frank J. Del Rio

President and Chief Executive Officer

Norwegian Cruise Line

HQ Phone:  +61 2 9212 6288

Email: f***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Norwegian Cruise Line

Level 7, 99 Elizabeth Street

Sydney, New South Wales,2000

Australia

Background Information

Employment History

Chairman and Chief Executive Officer

Prestige Cruise Holdings Inc


Executive Vice President for Sales and Marketing

Certified Vacations


Affiliations

Oceania Cruises , Inc.

Founder


MED-TEK

Board Member


Key Traveler

Founder


R-series of Renaissance Cruises

Member


Education

MSC Cruises

Norwegian Cruise Line


bachelor

accounting

University of Florida


Web References(199 Total References)


Cruise executives bullish about industry growth, $52 billion in new ship orders - CLIA AlaskaCLIA Alaska

www.cliaalaska.org [cached]

The economy is doing well," said Frank Del Rio, president and CEO of Miami-based Norwegian Cruise Line Holdings during a panel discussion on the State of the Global Cruise Industry.
It's been a failed policy for 57 years," said Del Rio. Arnold Donald, Frank Del Rio, Pierfrancesco Vago and Richard Fain, from left to right, at Seatrade Cruise Global 2017.


Oceania Cruises Culinary Center Inspires Budding Chefs - Global Travel Destinations

www.globaltraveldestinations.com [cached]

A new course offered on Cuba sailings, includes recipes adapted from the Cuban grandmother of Frank Del Rio, founder of Oceania and president and CEO of Norwegian Cruise Line Holdings Ltd.


Oceania, Regent, Azamara & Norwegian to Sail to Cuba - Global Travel Destinations

www.globaltraveldestinations.com [cached]

"We are tremendously excited to have all three of our award-winning brands receive approval from authorities in Cuba to offer cruises to Cuba from the United States," said Norwegian Cruise Line Holdings CEO Frank Del Rio, who was born in Cuba.


CEO Del Rio Buys $3,000,000 Worth of NCLH Stock : Cruise Law News

www.cruiselawnews.com [cached]

The Securities and Exchange Exchange Commission reported this past week that the president & CEO of Norwegian Cruise Line Holdings Ltd ("NCLH"), Frank Del Rio, bought 83,498 shares of NCLH at an average price of $35.94 a share. (Photo below, right, during interview on CNBC).
Frank Del Rio's $3 million cruise stock purchase, according to Wolfe Research analyst Jared Shojaian, is "the largest open market purchase by a cruise-line executive in history." Bloomberg says that Del Rio is attempting to demonstrate confidence in NCL to "sail through choppy waters." Del Rio certainly has boatloads of money to buy stock. In 2015, he received almost $32,000,000 in total executive compensation. The SEC states that he directly and indirectly holds 919,173 worth of his cruise line stock. The SEC forms reveal he owns 451,171 shares directly. He indirectly owns 27,875 shares through a family trust and the SEC forms state that he indirectly holds 304,373 and 135,754 shares through investment limited liability corporations. The total shares are worth over $34,000,000 at the current depressed stock prices. The Norwegian Cruise Line stock price hit a high last year of $64.27 a share which, at that price, would be worth a total of nearly $60,000,000 to Del Rio.


Executives : Cruise Law News

www.cruiselawnews.com [cached]

Del Rio's NCL has gouged its customers before, with extra charges, including increased room services charges, automatic gratuities and restaurant cover charges.
He made this statement at an earning conference in 2015: "... we have looked across the fleet to identify areas where marginal changes ... can be implemented to improve performance. The cruise executives, Del Rio in particular, put on quite a demonstration of unbridled greed at the Seatrade Cruise conference last week. NCL's CEO Frank Del Rio said in May 2015: "... we have looked across the fleet to identify areas where marginal changes that are commensurate with market conditions can be implemented to improve performance. A few examples include a 6.7% average increase in beverage prices, the introduction of a nominal room service fee and lower costs from renegotiated shore excursion agreements. To put into perspective how these small changes can add up quickly, every dollar increase in yield translates to approximately $15 million to the bottom line." Del Rio collected nearly $32 million in compensation that year (2015). Carnival Corporation's CEO Arnold Donald, Norwegian Cruise Line Holdings CEO Frank Del Rio, MSC Cruises Executive Chairman Pierfrancesco Vago, and Royal Caribbean Cruises CEO Richard Fain all spoke glowingly to an audience of enthusiastic cruise attendees that the cruise lines were enjoying a booming business. "NCL's cruise executive, Frank Del Rio, who received nearly $32 million in compensation in 2015, said that the industry was benefiting because of what he called the "Trump Effect." Del Rio said that because of President Trump, the stock market was at all time high and fewer regulations and pro-business tax cuts were good for his business. Del Rio also said that he "loved" the NCL cruise destinations, including cruises to his native Cuba, "because they make us money." The Securities and Exchange Exchange Commission reported this past week that the president & CEO of Norwegian Cruise Line Holdings Ltd ("NCLH"), Frank Del Rio, bought 83,498 shares of NCLH at an average price of $35.94 a share. (Photo below, right, during interview on CNBC). Frank Del Rio's $3 million cruise stock purchase, according to Wolfe Research analyst Jared Shojaian, is "the largest open market purchase by a cruise-line executive in history." Bloomberg says that Del Rio is attempting to demonstrate confidence in NCL to "sail through choppy waters." Del Rio certainly has boatloads of money to buy stock. In 2015, he received almost $32,000,000 in total executive compensation. The SEC states that he directly and indirectly holds 919,173 worth of his cruise line stock. The SEC forms reveal he owns 451,171 shares directly. He indirectly owns 27,875 shares through a family trust and the SEC forms state that he indirectly holds 304,373 and 135,754 shares through investment limited liability corporations. The total shares are worth over $34,000,000 at the current depressed stock prices. The Norwegian Cruise Line stock price hit a high last year of $64.27 a share which, at that price, would be worth a total of nearly $60,000,000 to Del Rio. March 18, 2016 Update: Many crew members seemed to like Mr. Sheehan and not the CEO who replaced him, Frank Del Rio, who many describe as an arrogant and cost-cutting boss. Del Rio came to NCL PEARL when i was there, stood therw for 2 hours and put the ship up side down.


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